Economy

The International Monetary Fund has expressed shock that advanced economies are still keen to borrow more despite the “widespread misery” following the global financial crisis.

A banking analyst believes that it is actually the “highly leveraged Australian household sector” that is too big to fail and not the major banks — as most expect.

ASIC has remade a class order on mortgage schemes and has temporarily extended the relief for small, industry-supervised schemes.

Despite receiving some bad press of late, securitised US student loans originated by the right counterparties are providing decent returns to investors, according to HSBC.

Online comparison site and mortgage broker iSelect has acquired a majority stake in Kuala Lumpur–based fintech iMoney as it expands into the lucrative Southeast Asian market.

An increasing number of mortgages are being reclassified from investor to owner-occupier loans, new figures from the Reserve Bank of Australia have shown, with $1.7 billion of loans changed ...

The Reserve Bank of Australia has announced its official cash rate for October following its monthly board meeting.

AustralianSuper has reduced its holding in the industry super fund-owned ME Bank to “better reflect the changed nature” of Australia’s superannuation sector.

An online platform that aims to “empower the bank of mum and dad” has helped manage $35 million of loans since launching in April of this year.

A new three-year action plan has been released that aims to deliver fairer credit contracts, consumer leases and sale of motor vehicles for Indigenous people.